Government seeks merger of £5bn DC schemes

Consolidation drive comes alongside confirmation of charge cap changes

James Phillips
clock • 3 min read

Defined contribution (DC) schemes with less than £100m in assets will be required to “justify their continued existence”, with schemes of up to £5bn in assets and potentially higher within the government's scopes.

In two consultation responses and a new call for evidence both published today (21 June), the Department for Work and Pensions (DWP) said it would press ahead with regulations to require small sub-...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Smart Pension, Ctrl Alt, Mobius and Octopus launch tokenisation coalition

Smart Pension, Ctrl Alt, Mobius and Octopus launch tokenisation coalition

TRAC aims to expand pension investment, increase efficiencies and support UK growth

Jonathan Stapleton
clock 10 December 2025 • 2 min read
Comparing FCA 'Pathway 1' decumulation solutions

Comparing FCA 'Pathway 1' decumulation solutions

DWA’s Pete Osthwaite asks how long is five years for an almost retired person?

Pete Osthwaite
clock 08 December 2025 • 5 min read
Equities lead Q3 charge as DC defaults continue to deliver strong performance

Equities lead Q3 charge as DC defaults continue to deliver strong performance

Patterns highlight the value of diversified exposures across regions and asset classes

Jonathan Stapleton
clock 08 December 2025 • 3 min read
Trustpilot